Is $5 hive a pipe dream?
Over the years, our friends from Korea have generously pumped the value of hive. However, in the past year or about 18 months, they have gone quiet and the asset has largely traded sideways.
At the time of writing, Bitcoin is trading above the 60K mark but it is safe to say that we aren't just quite in a bull market yet. Then again, we actually aren't far away from Bitcoin's all time high, so surpassing that point would be an interesting milestone.
Generally speaking, Bitcoin carries the entire crypto market with it. So, if we do see a new all time high, it is safe to assume we'd see considerable movement in alt coins like Hive.
Hive has been relatively quiet in the market. At just about 38 cents, there's really not much to be excited by. Then again, it is better than nothing.
I'm looking forward to seeing Hive trading at those ambitious predictions we've all hoped for. The first indication of this ambitious pump would be to reach the $1 mark.
Can't lose
The way I see it, as long as you spend time on Hive, you're going to win in the market. If you've been accumulating over the past couple of months, then you should have a decent stack of hive just sitting in your wallet.
One of the most difficult parts of our relocation is having to liquidate virtually everything I had. The timing of liquidation hurts even moreso, especially with the bull market just around the corner.
Then again, if I was in Nigeria right now, I'd be shitting bricks because of all the antagonistic decisions that the government is making against crypto. Halting P2P and launching yet another assault on Binance has adversely affected enthusiasm in the country but at the same time, people are seeking alternatives.
Anyway, imagine a scenario where we actually see Hive hitting $5 sometimes before the end of the year. There will be overnight millionaires falling out of the sky and I expect hive to be buzzing even more.
A crazy pump would also be good for many of our favourite projects on Hive. Upvotes and interactions would carry a lot more weight. Many projects will also have access to even more resources to improve.
I'm particularly excited because this means that the prizes for the Hive FPL league and you can join the conversation on Discord could be astronomically higher. We will be able to pay even more places thanks to this and make it a very rewarding experience for everyone.
Finally, let's not forget that I have two bets that amount to 500 hive between @blanchy and @deniskj. Pumping will teach them a lesson about doubting the Almighty Arsenal.
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We will see at least $20 HIVE someday. We will get excited over $1 hive, then marvel at $3 hive, then hit the floor with $7 hive.... then we will experience crypto euphoria when it hits $10 and regret selling since it won't be done until it reaches over $20.
All the previous posts that currently report being valued at a few dollars will reflect then current pricing and be worth hundreds, some post values will be four digits.
This is the REAL HIVE pipe dream. !LOLZ
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haha, that would be something. Then I could finally get out of all this debt.
Lol wouldn't that be awesome? 😄
Yes 😃But I still hope it will come true.
Pipe dream like the bet!. If you see the Hive the whales are selling on Hive we will never reach $1 let alone $5. As per usual we will hit around $1 and back down we go.
Sounds very Spursy
It does bum me out a bit when I think about how I invested a lot of money in Hive because it was a small cap coin and has a lot going for it it, yet it still sitting at such a low price. I thought for sure after this many years we'd be stable at a dollar at the very least.
It's mostly frustrating when you see other cryptocurrency projects break out big when Bitcoin runs up. Every bull run I think, this is the one for Hive, but am disappointed yet again.
It's something that has perplexed me for as long as I can remember. Hive's selling point works against it in terms of the traditional revenue model for social media platforms.
I am optimistic but presently she just likes walking to and fro waving her butt.😂